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Biotech / Medical : Ionis Pharmaceuticals (IONS) -- Ignore unavailable to you. Want to Upgrade?

To: Scott H. Davis who wrote (2496)	2/25/1999 6:56:00 AM
From: LLCF	Read Replies (1) \| Respond to of 4676

<David, no, ISIP gave a "Clintonesque" response.> Hey, all I'm saying is that when you come begging (like every bio around), what are you supposed to say? I hear them saying "Hey, we're going to need money, it's a matter of when, so we're putting it on the shelf now." I don't hear anything more obtuse than that do you? Everyone knows this is true... the company has avoided as much dilution as most bios by taking on debt. < I don't accept non-existant standards for others> Well what about the standards of the people who wrote the article...? why do you assume that the written word is gospil... this is the 90's, who do you think put that article on their desk? Look, do you think street.com has people going thru the fed filing and: "WOA, LOOKIE HERE! WHAT A STORY!" "I'm sure glad we have all these reporters snooping around for all this hard news." Look at the tone of the article fromt he very first paragraph: <The company has filed a shelf offering for up to 4 million shares, which has investors wondering whether the company is going to do some type of convertible deal that, if structured poorly, can send stocks into tailspins. > Oh, really? Which investors were wondering about the shelf being a death spiral? The most informed investors on the street (here on SI) never wondered that UNTILL THESE GUYS PUT IT IN PRINT! Who was wondering? Oh, the SHORT investors... but they're not investors are they? Oh, why quibble. Unfortunately financial news is like any other news, theres George Will, and then theres Sam Donaldson (and unfortunately a dozen Jeraldo's and Gerry Springers for each of them) and you have to listen to what they're NOT saying to try and decipher what they are saying, and how much to believe. I'd stick with DJ, RN, Bloomberg, as "news", all else is editorial. This is editorial, plain and simple, you have to decide for your self if you think it's Washington Post, or World Weekly News, or what. :) DAK